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EURUSD - Price may test resistance and then continue to declineHello dear friends! EURUSD today has undergone a significant short-term recovery and is currently trading calmly at 1.0550 since the time of writing. The tensions in the Middle East and higher-than-expected inflation figures in the United States have boosted the demand for the safe-haven US Dollar. From the analysis chart, we can observe that a downward trend channel has formed with a breakout level at 1.0604. Despite some short-term rebounds, there isn't enough momentum to escape the downward trend. The target for this week is 1.0448. The important levels to consider are: Support levels: 1.0495, 1.0450, 1.0400 Resistance levels: 1.0570, 1.0610, 1.0650
by AlselvSignals
1
EURUSD - Pay attention to the ZEW surveyHello dear friends, the EURUSD pair today continues to rise as predicted. It is currently trading at 1.0549. However, market participants are awaiting the ZEW Economic Sentiment Survey in October, which is expected to improve from -8.9 to -8.0. The major currency pair is currently trading around 1.0559, down 0.02% for the day. This could be seen as a sign of restraining the future rise of Gold in the near and short term. For the above reasons, the expected downward trend is likely to start soon, with a projected price of 1.0494 and possibly even lower at 1.0449.
by AlselvSignals
Gold's recovery is uncertainHello dear friends! Let's explore and share our opinions here. Gold has made a significant recovery above the $1857 mark. The precious metal continues its journey to conquer $1880. Due to concerns arising from the Israel-Hamas conflict, investors have been prompted to buy more. Wednesday and Thursday will bring us market news. As a result, the short-term surge in gold buyers has pushed the price of gold to $1900. Although this recovery is not yet certain, there may still be price drops in the future.
FXOPEN:XAUUSD
by AlselvSignals
18
Fed's influence in the near futureHello dear friends! Today, Gold continues its downward trend, currently trading at $1913. The main reason for this is the technical selling pressure following the previous 3% surge, driven by safe-haven demand. In addition to the developments in the Middle East, investors are also paying attention to the US monetary policy stance, with Federal Reserve Chairman Jerome Powell's speech later this week. According to the CME FedWatch tool, markets are predicting a 90% chance that the Fed will keep interest rates unchanged at its policy meeting next month. This will have some impact on gold. In the near future, the market may retest the previously broken resistance level. In the long term, the market may receive support from various factors, including the buying activity of central banks. The strong and sustainable gold buying by central banks has provided a solid foundation for the recent price surge and will be the main driving force pushing the precious metal to new all-time highs in the new year. On the other hand, central bank buying could be the reason why gold has maintained a significant support level of $1800/ounce during the selling pressure caused by rising interest rates.
OANDA:XAUUSD
by AlselvSignals
1
New trading strategy for gold: increase prices to new high levelHello comrades, Today gold continues to trade around the 1913 USD mark with not much change compared to yesterday. From the 1D chart analysis, it can be seen that gold, after a strong price increase last Friday, is showing signs of price retesting after breaking out of the downward trend at 1910 USD. Currently, the immediate target for gold is gradually approaching the 1905 USD area (close to the operating area of EMA 34 and 89). If this target is achieved and gold maintains stable trading levels there, a new upward trend will occur with the nearest target at 1936 USD, followed by a higher peak at 1980 USD.
OANDA:XAUUSDLong
by Nolan_Signal
Gold price today: Buy it massively!Hello dear friends! Today, XAUUSD is trading at the level of 1917 USD and there haven't been many changes compared to the previous trading session. From now until the end of the week, the gold market is quite calm, as there is little macroeconomic data from the US being released. Currently, we need to wait for information from the Chairman of the Federal Reserve, Jerome Powell, on October 19 when he speaks at the Economic Club of New York. It is expected that in the near future, the long-term downward trend of gold will continue. Political uncertainties continue to be factors driving the upward momentum of gold. It is anticipated that by the end of this week, the price of gold will trade in the range of 1,900 to 1,950 USD/ounce.
OANDA:XAUUSDLong
by Karina_Bella
4
GBPUSD continues to decline as USD continues to dominateHello traders! GBP/USD closed the last two trading days of the previous week in negative territory. Although this currency pair attempted a modest recovery at the start of Monday, it failed to gain momentum. At the time of writing, GBP/USD continues to maintain a downward trend, with prices fluctuating around 1.217 and declining by 0.37% for the day. If safe-haven flows continue to dominate the market in the latter half of the day, the US dollar may remain resilient against its counterparts, making it difficult for GBP/USD to find support and continue its downward trajectory.
by Nolan_Signal
EUR/USD stays pressured near 1.0550Currently, most of the key economic indicators in the United States have exceeded expectations in October, highlighting the ongoing strength of the US economy and supporting demand for the EU. The dollar has been trading more firmly, although there is a risk that it may start to weaken "due to potentially less positive economic surprises from the US in the near future." I maintain my strategic view on a lower EUR/USD exchange rate, as I still see the possibility of a weaker USD." The US retail sales data at 12:30 GMT may be the most important data released this week. The DXY dollar index rose 0.2% to 106.444, while EUR/USD decreased 0.2% to 1.0549 at the time of writing.
Short
by Nolan_Signal
1
GBPUSD continues to plummet downhillHello dear traders, today the GBPUSD pair continues its downward trend, currently consolidating its gains at 1.2198 and showing no signs of stopping. My short-term target is at 1.2305. In the long run, this currency pair may continue its downward trend with a rejection at the previous resistance level. It is possible that GU will aim for the nearest low at 1.1800. This downward trend will continue unless there is any supportive news for this currency pair.
by AlselvSignals
USD/JPY gains traction above 149.60 amid the renewed USD demandHello traders! The USD/JPY pair is holding steady at 149.60 during the first trading hour in Europe on Tuesday. The demand for the US Dollar (USD) and the recovery of US Treasury bond yields have provided some support for this currency pair. Currently, market focus is on the Industrial Production and the speech by the Federal Reserve (Fed) of the United States later on Tuesday. On Wednesday, Japan's trade data will be released, followed by the National Consumer Price Index (CPI) report on Friday. These data points could provide clear direction for the USD/JPY pair, with the target still being to break above 150.000 for further advancement.
by Nolan_Signal
USDJPY is ready for the next price increaseHello dear friends! As predicted yesterday, USDJPY continues to rise with trading around 149.76. Currently, this currency pair is consolidating near the high level of 150.00 after receiving strong support from breaking out of the sideways channel at 149.42. Surpassing the 150.00 level will further drive the upward momentum of USDJPY. If you find this article helpful, please leave a like and follow to receive the latest updates on my new articles.
Long
by AlselvSignals
4
Gold price today (October 16)Hello Traders! Last week, we witnessed a fantastic performance by gold as it surged to a remarkable high of $1932 and broke out of its downward channel. Today, at the start of the precious metals trading session, there is a slight dip as prices test the breakout level, currently trading around $1919 - $1920. However, the current environment and global situation continue to support an upward movement in gold, so it is highly likely that we will soon see new higher price levels in the near future.
OANDA:XAUUSD
by Nolan_Signal
Gold emerged as a new breeze, the price increased sharply?Hello traders, Last week, gold witnessed its best weekly gain since March as the demand for safe-haven assets continues to rise amid the ongoing Israel-Hamas military conflict. In the current politically unstable environment, investors are flocking to gold. Additionally, the US tightening its sanctions on Russia's crude oil exports on Friday led to an increase in oil prices, reaching $90 per barrel. As oil prices continue to rise, gold's role as a safe-haven asset against inflation becomes even more beneficial. At the time of writing, gold is trading at $1912 per ounce.
OANDA:XAUUSDLong
by Nolan_Signal
2
EUR/USD trades with mild positive bias above 1.0500 markHello dear friends! Last week, EURUSD experienced a significant short-term recovery, but quickly returned to its previous downward trend, currently trading at a low level not seen in months at 1.0521. From the analysis chart, it can be observed that the prolonged downtrend channel has not been broken yet. Although there is some short-term recovery, it is still not enough momentum to break free from the downward trend. Therefore, it is expected that this week will continue to be a prolonged downtrend with limited fluctuations ranging from 1.0639 to 1.0323. The important levels to consider are: - Resistance levels: 1.063; 1.055 - Support levels: 1.050; 1.049; and 1.046.
by Karina_Bella
Will BTCUSD rapidly decrease in the near future?Hello dear friends. Today, BTCUSD continues to decline as predicted. After breaking the uptrend at 27.549, BTC on the 4H timeframe is consolidating at 26.834 at the time of writing. Therefore, there is a possibility of recovery in the near future. However, the downward momentum is still dominant in the coming time, so BTC will quickly decrease to the support level at 26.383. Surpassing this level will push BTC to continue seeking lower support at 26.188. If you find this article helpful and useful, please leave a like and follow to receive the latest updates. I would greatly appreciate it.
BITSTAMP:BTCUSD
by AlselvSignals
4
EURUSD surveys fresh declinesHello dear friends! Currently, Eurusd has broken out of its upward trend and is showing signs of a slight correction in the near future. It is currently trading at 1.0546 with a potential adjustment level of 1.0558. This downward trend is expected to continue, with a projected decrease to 1.0460. If you find this article helpful and informative, don't forget to leave a like and follow to receive the latest updates from my articles. I would greatly appreciate it.
Short
by AlselvSignals
7
GBPUSD consolidates gainsGBPUSD continues to maintain its upward momentum, trading around 1.2294 with an expected increase to 1.2400. The reasons for this upward trend may be attributed to the decrease in US bond yields and positive risk sentiment, weakening the USD and supporting GBP. Sustaining this upward movement will likely push the currency pair towards a strong resistance level at 1.2293. By surpassing this resistance and building on the strong upward trend, the pair could potentially reach a high of 1.2585 USD.
by AlselvSignals
2
GBPUSD rises short-term, future promises low?Hello dear friends! GBPUSD has ended its upward trend after breaking out of the ascending channel at 1.2250. Currently, the price is trading at 1.2203 as of the time of writing, with a slight adjustment within the descending channel. On Thursday, data showed that the US Producer Price Index (PPI) increased in September compared to the same period last year, rising from 2.0% to 2.2%. The core PPI also increased to 2.7% from an expected loosening of 2.3%. Due to this reason, in the near future, this pair will face challenges from optimistic economic data from the US. The target for this decline is set at 1.2119 and lower at 1.0600. If you find this article interesting and helpful, please leave a like and follow to receive the latest updates from me.
by AlselvSignals